HOLDLarsen & Toubro Ltd for a target price of Rs 1650-1670, Prakash Gaba, Technical Analyst. The stock is currently trading at Rs 1614.60, up 1% on the BSE.
HOLDApollo Tyres Ltd for a target price of Rs 75, says Prakash Gaba, Technical Analyst. It has strong support at Rs 65, he adds. The stock is currently trading at Rs 70.25, up 0.2% on the BSE.
HOLDIdea Cellular Ltd for a target price of Rs 67-68, says Abhinay Jain, Derivatives Analyst, Sharekhan. The stock is currently trading at Rs 64.20, up 2.9% on the BSE.
BUYTata Motors Ltd as it can see a 4-5% upside in few trading sessions, says Abhinay Jain, Derivatives Analyst, Sharekhan. It has strong support at Rs 725, he adds. The stock is currently trading at Rs 781.65, down 0.6% on the BSE.
HOLDCairn India Ltd for a target price of Rs 290, says Prakash Gaba, Technical Analyst. It has strong support at Rs 275, he adds. The stock is currently trading at Rs 284.35, up 1.2% on the BSE.
HOLDBharat Petroleum Corporation Ltd (BPCL) for a target price of Rs 560, says Prakash Gaba, Technical Analyst. It has strong support at Rs 525, he adds. The stock is currently trading at Rs 544.40, down 0.2% on the BSE.
HOLDReliance Industries Ltd (RIL) for a target price of Rs 1090, says Prakash Gaba, Technical Analyst. The stock is currently trading at Rs 1076.10, up 0.3% on the BSE.
The Nifty can touch 5280-5290 levels in the near-term, says Hemant Thukral, Head of Derivatives, Asian Markets Securities. It is currently at 5236.45, up 39.20 points from its previous close.
After a gap-up opening, the markets are trading firm amidst early trades. The Sensex has added 96.19 points from its previous close to 17483.53. Gaining 33.21, the Nifty is currently at 5230.90 levels. Meanwhile, the BSE Midcap and the BSE Smallcap indices have advanced 0.7% each. All the broader sectoral indices are in the positive, BSE Realty (up 1%) is the top gainer among others.
Diawa Securities has put an ‘underperform’ rating on Bharat Petroleum Corporation Ltd (BPCL) for a target price of Rs 460. The stock is currently trading at Rs 541.70, down 0.7% on the BSE.
The Nifty is likely to remain in an uptrend, says Prakash Gaba, Technical Analyst. It has a target of 5275, he adds. The 50-stock index is currently at 5228.10, up 30 points from its previous close.
The markets have opened in the positive terrain. The Sensex is currently at 17498.44, up 115.26 points from its previous close. The Nifty is currently at 5231.85, up 32.45 points.
SELLHindustan Petroleum Corporation Ltd (HPCL) for a target price of Rs 255, says Diawa Securities. The stock closed on Tuesday at Rs 334.25, up 2.1% on the BSE.
The Asian markets are trading the green. The Nikkei Average is at 10795.78, up 74.07 points from its previous close. The Hang Seng has strengthened 170.92 points to 21196.58 levels. Gaining 19.28 points, the Shanghai Composite is currently at 3012.12 levels. The Kospi is at 1662.72, higher by 13.71 points.
The US market closed in the positive terrain. The Dow Jones advanced 43.83 points to close shop at 10685.98. Adding 15.80 points, the Nasdaq ended at 2378.01levels. The S&P 500 closed at 1159.46, higher by 8.95 points from its previous close.
Diawa Securities has put an 'outperform' rating on Indian Oil Corporation Ltd (IOC) for a target price of Rs 275. The stock closed on Tuesday at Rs 302.50, up 1.7% on the BSE.
Bloomberg UTV Outlook: Markets may surge higher for the second consecutive day on the back of positive global cues. Metal stocks are expected to remain in focus today.